Subex Ltd.

Subex is currently trading at Rs. 31.65, up by 1.95 points or 6.57% from its previous closing of Rs. 29.70 on the BSE.

The scrip opened at Rs. 29.50 and has touched a high and low of Rs. 32.50 and Rs. 29.00 respectively. So far 381939 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 82.75 on 21-Apr-2011 and a 52 week low of Rs. 22.80 on 22-Dec-2011.

Last one week high and low of the scrip stood at Rs. 32.50 and Rs. 29.00 respectively. The current market cap of the company is Rs. 219.37 crore.

The promoters holding in the company stood at 11.69% while Institutions and Non-Institutions held 17.53% and 60.67% respectively. 

Subex, a leading global provider of Business Support System (BSS) for communications Service provider (CSP’s) has bagged contract for providing its industry leading revenue operations center (ROC) fraud management and revenue assurance solutions to the leading middle eastern mobile operator. This is the sixth multiple ROC solution win for the Subex in the middle east.

ROC fraud management is company’s award winning solution that provides wireless and wire line operators eliminate known fraud, uncover new fraud patterns and minimize fraud run time, augment internal controls and support continues fraud management process improvement.

The company has designed ROC revenue assurance to detect revenue loss and also to assist an operator with its investigation, diagnosis and recovery of these revenues. It provides unprecedented automated correction capabilities to improve bottom line result and provide a return on investment.